Despite a 9.5% drop in assets, ETFs recorded net sales of $3 billion
No asset classes recorded net redemptions for the month
ETF assets have grown by more than five times since the end of 2010, according to IFIC
IFIC reports that ETF sales were up in all asset classes tracked in December
Sales were strong for both equity and bond funds
Industry trade group prefers harmonized national solution
The industry group said the CSA should revisit prospectus requirements
Three firms have joined the industry group
Sales were up in all asset classes
Both mutual fund and ETF AUM increased last month